One form of government investment in social projects is grants — cash subsidies for opening or developing a business. They can be provided at both the regional and federal levels. Some private funds also allocate funds for projects of interest to them.
Different areas of the country's social and economic life have their own incentive policies. For example, the Russian Ministry of Agriculture issues grants for the development of peasant farms (PF), and the Russian Ministry for the Development of the Far East — for the development of wild territories in Eastern Siberia.
Receiving grants is one of the main ways to attract funds uk business email list for the operation of non-profit organizations (NPOs).
Important: the main condition for receiving a government grant is a significant social effect from the implementation of the project.
A commercial idea, such as creating a chain of bakeries, will have a low priority compared to organizing a chain of kindergartens.
Enlarge imagegrants for disabled people
The social focus of the project, such as creating jobs for disabled people, increases your chances of receiving a grant. Source: Shutterstock
Important: unlike financial loans, money received under grant support does not have to be repaid. The state or commercial funds issue them free of charge.
However, you need to be prepared for the fact that the grant will not cover all your expenses for opening or developing a business. You will have to bear part of the costs yourself. If you do not have available funds to fulfill the project implementation plan.